WoW!! These guys are growing at an insane rate since they introduced streaming to third party hardware. Streaming sites and hardware manufacturers are certainly going to be working hard to integrate their products together!!

Netflix first-quarter profit and subscriber growth beat its own forecast as the company's video-streaming service appeared to have attracted more customers than expected.

Net income jumped 68% to $22.4 million, or 37¢ a share, from $13.3 million, or 21¢, a year earlier, as sales rose 21% to $394.1 million and subscribers jumped 25% to 10.31 million, the No. 1 U.S. movie-rental service via mail said in a statement today. Netflix was expected to earn 31¢ a share on $390.9 million in sales, the average analyst estimate in a Thomson Reuters survey.

Netflix has been augmenting its by-mail service with its video-streaming product and reached agreements last year to make its digital titles available for streaming through components such as Microsoft's Xbox 360 videogame consoles, TiVo digital video recorders and Blu-ray Disc players from Samsung and LG Electronics.

The strategy appeared to work, as Netflix beat its January earnings forecast of as much as 33¢ a share and its subscriber forecast of as much as 10.3 million. The company, which will discuss is results on a conference call this afternoon, today boosted its end-of-year subscriber forecast from January by 5% to about 11.5 million customers and increased its full-year earnings forecast by about 9% to about $1.64 a share.

http://www.videobusiness.com/article/CA6653855.html

It's a GREAT value. Hopefully this will wake up Amazon and the like in that "all you can eat" type pricing works and they will start offering such packages too.

Now, hopefully Netflix doesn't ruin this with bad price structure changes, down the road.

"While its clear that instantly streaming movies..is energizing our growth, our subscribers in total are renting more DVDs and Blu-ray movies than ever," Hastings said. Further DVD-rental growth will be helped as Netflix rolls adds Saturday operations to all of its 58 fulfillment centers by the end of the year, Hastings said.

It's great that netflix is doing well, I have been a fan of their service ever since the beginning. I always wanted them to kick BlockBuster's butt :)

WoW!! These guys are growing at an insane rate since they introduced streaming to third party hardware. Streaming sites and hardware manufacturers are certainly going to be working hard to integrate their products together!!

http://www.**********************/track/img/3358/s09v0317fvxp/00.gif
http://www.videobusiness.com/article/CA6653855.html

It's great that netflix is doing well, I have been a fan of their service ever since the beginning. I always wanted them to kick BlockBuster's butt :)

And they are certainly doing that!

I really like how they are fairly transparent in discussing their costs (including acquistion for both VOD/streaming and the premiums on different forms of physical media), as well as being honest about streaming driving their growth. The expectations for them this last quarter were pretty high, and to exceed those expectations is pretty amazing.

"While its clear that instantly streaming movies..is energizing our growth, our subscribers in total are renting more DVDs and Blu-ray movies than ever," Hastings said. Further DVD-rental growth will be helped as Netflix rolls adds Saturday operations to all of its 58 fulfillment centers by the end of the year, Hastings said.
Does that really surprise anybody? They are adding more and more subscribers every day. Of course more people will rent more movies.

Im still hopeful the streaming service continues to get better and better content. (and fixes their 5.1 audio problem)

Does that really surprise anybody? They are adding more and more subscribers every day. Of course more people will rent more movies.

Im still hopeful the streaming service continues to get better and better content. (and fixes their 5.1 audio problem)

Exactly! And it does not take away from the core message where their CEO clearly states that streaming is fueling their growth.